Thursday, January 21, 2021

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Upstox launches digital platform for investing in gold

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Digital brokerage firm Upstox on January 19 announced the launch of a digital platform - Upstox Digital Gold for investing in gold. The Digital Gold on Upstox will be...

Sebi extends relaxations for compliance with rights issues

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Markets regulator SEBI on Friday extended relaxations to companies from compliance with procedural norms pertaining to rights issues opening till December 31 amid the coronavirus pandemic. Earlier, this relaxation was given for rights...

BSE signs MoU with Maharashtra govt to encourage SME listings

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The Bombay Stock Exchange (BSE) has signed a memorandum of understanding (MoU) with the Maharashtra state government to create awareness about benefits of listing among small and medium enterprises.

Indigo Paints raises Rs 348 crore from anchor investors day before of IPO

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American venture capital firm Sequoia Capital-backed Indigo Paints, on January 19, raised Rs 347.9 crore from 25 anchor investors ahead of its initial public offering (IPO). Details of Investors

Home First Finance Company IPO to open this week. Details here

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The mortgage financier company 'Home First Finance Company' (HFFC) is all set to launch it's IPO. It will be the third IPO of 2021 after Indian Railway Finance Corporation (IRFC) which is...

Salesforce invest $15 million in Asian HR tech platform Darwinbox

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Salesforce has invested $15 million in Darwinbox, an enterprise human resources (HR) technology platform, via its investment arm Salesforce Ventures. This is Salesforce Ventures’ one of rare investments in Asia. 

GAIL announces Rs 1,046.35 crore share buyback

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The nation's largest gas distribution firm, GAIL (India) Ltd. on Friday announced a Rs 1,046.35 crore share buyback programme to return surplus cash to shareholders Price of Buyback

German footwear Birkenstock partners with Seva Group to enter Indian Market

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Premium German footwear brand Birkenstock has announced a partnership deed with Seva Group to enter in the Indian Market through with its maiden retail store in the megapolis. The first...

BSE launches StAR MF Plus – a premium platform for distributors

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BSE on Monday announced the launch of StAR MF Plus, a premium platform with key features for distributors and their clients. The new platform will be the complete solution for distributors, It...

Flipkart Introduces SuperCoin Pay Across 5,000 Partner Stores

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Homegrown ecommerce marketplace Flipkart on Monday introduced SuperCoin Pay where customers will be able to pay up to 100 per cent of their bill value across more than 5,000 partner stores (online and offline)...

French energy group “Total” buys 20% stake in India’s Adani Green Energy

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French oil and energy group "Total" on Monday announced that they has agreed to buy a 20% minority stake in India's Adani Green Energy Limited (AGEL) from Adani Group. The company will buy a...

BharatPe raises Rs 139 crore debt fund from Alteria Capital & ICICI Bank

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Digital payment startup BharatPe on Sunday said it has raised Rs 139 crore (about USD 20 million) in debt from venture debt firm Alteria Capital and ICICI Bank. About Company

Reliance to embed JioMart in WhatsApp within six months

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Billionaire Mukesh Ambani’s Reliance Retail Ltd plans to embed its e-commerce retail business app JioMart into WhatsApp within six months. The move will keep WhatsApp users from leaving the...

Amazon face another lawsuit for fixing prices of e-books in US

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Amazon is facing a new lawsuit alleging that a deal between the company and five book publishers has created higher prices on e-books. The lawsuit comes a day after...

Mahindra Lifespaces Developers appoints Sudharshan KR as Chief Projects Officer

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Mahindra Lifespace Developers, the real estate and infrastructure development arm of Mahindra Group, has appointed Sudharshan KR as its Chief Projects Officer (CPO). Role and Responsibilities Sudharshan will oversee...

India’s forex reserves rose by $758 million to lifetime high of $586.082 billion

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India's Foreign Exchange Reserves rose by $758 million to reach a record high of $586.082 billion as on January 8, RBI data showed on Friday. As of January 1,...

IRFC raises Rs 1,390 crore from 31 anchor investors ahead of IPO

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Indian Railway Finance Corporation (IRFC) has raised Rs 1,390 crore from anchor investors ahead of the launch of its proposed initial public offer (IPO). It is the first time, when state owned...

U.S. bans Americans from investing in Xiaomi, citing ties to Chinese military

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The U.S. Department of Defense under the outgoing Trump administration has named nine Chinese firms to an investment blacklist, including Chinese phone maker Xiaomi. Reason The...

Toyota to pay $180 million fine for failing to fix pollution control defects

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The U.S. attorney’s Office in Manhattan announced on thursday that Toyota will pay $180 million to U.S. government to settle the allegations that it failed to report and fix pollution control defects...

Indigo Paints IPO: Price band set at ₹1,488-1490. Details here

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Indigo Paints, the fifth-largest decorative paint company in India, has fixed a price band of ₹1,488-1,490 a share for its initial share-sale check all the details here: About Company

ICICI bank ties up with Niyo to issue prepaid cards to MSME workers

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ICICI Bank, a leading private sector bank in India and Niyo, a new age fintech today announced a tie-up to issue prepaid cards to Micro, Small & Medium Enterprises (MSMEs) workers.

US regulator asks Tesla to recall 158,000 cars over safety-related defect

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The US vehicle safety agency "National Highway Traffic Safety Administration" (NHTSA) on Wednesday asked Tesla to recall 158,716 of its Model S and Model X vehicles manufactured before 2019 over safety glitch.

IT department launched faceless penalty scheme

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The Income Tax Department on Tuesday has launched out a "faceless penalty scheme" to have an unbiased and transparent digital faceless mechanism for imposing penalties on tax defaulters. The government...

YES BANK partners with Aditya Birla Wellness to launch wellness themed credit card

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Yes Bank today announced its partnership with Aditya Birla Wellness Private Limited for the new launch of ‘YES BANK Wellness’ and ‘YES BANK Wellness Plus’ Credit Cards. Aim

Sebi reduced fees for investment advisors, chk details

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The Securities and Exchange Board of India (Sebi) on Wednesday announced the reduction in fees payable by individual and corporate investment advisors for grant of a license and renewal of a certificate to practice.

Indian Railway Finance Corporation (IRFC) IPO opens next week, chk details

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Indian Railway Finance Corporation (IRFC)'s initial public offering (IPO) of about ₹4,600 crore will hit the markets next week.  It will be the first Non-banking financial company (NBFC) in the...

Mahindra Lifespaces to tie-up with SBI for easy home loan

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Realty firm Mahindra Lifespace Developers Ltd on Tuesday said it has signed an MoU with SBI for faster home loan approvals as well as to offer special discount. The MoU was signed by Mr. Arvind Subramanian,...

Tesla officially entered India with its first office in Bengaluru

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US electric car maker Tesla has made its debut in India with its very first office in Bengaluru. On January 8, it has registered a company with the name...

DGGI issues show-cause notice to Amazon India over Rs 175 cr tax demand

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The Director General of GST Intelligence (DGGI) has issued a show cause notice to e-commerce major Amazon India over alleged wrong claim of input tax credit (ITC) which has reportedly been calculated...

Byju’s to acquire Akash Educational Services in a deal worth $1 billion

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India’s biggest online-education startup Byju’s has signed a deal to acquire brick & mortar test prep leader Aakash Educational Services Ltd.for $1 billion, reported by bloomberg. However, there has...

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